Every business owner must eventually contemplate their exit from the business. A clear plan for succession is helps owners achieve long term value and improves the probability of the legacy.

Many believe the right time to begin exit planning is the day the business is launched or even before it launches. Proper planning for the eventual sale or transfer of a business can reduce risk and improve the probability of a successful transfer, not only to maximize value for the owner and their family, but also to ensure the business lives on to continue to serve the community and future owners.